| Scrip Code | 509820 |
|---|---|
| NSE Symbol | HUHTAMAKI |
| MSEI Symbol | NOTLISTED |
| ISIN | INE275B01026 |
| Name of company | HUHTAMAKI INDIA LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-01-2026 |
| Date of end of financial year | 31-12-2026 |
| Date of board meeting when results were approved | 27-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 14-10-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Consumer Packaging |
| Start date and time of board meeting | 27-10-2026 12:36:00 |
| End date and time of board meeting | 27-10-2026 14:11:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-01-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 76,884.00 | 2,13,196.00 | |
| Other income | 593.00 | 2,935.00 | |
| Total income | 77,477.00 | 2,16,131.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 54,877.00 | 1,49,953.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (2,010.00) | (7,209.00) |
| (d) | Employee benefit expense | 6,845.00 | 20,287.00 |
| (e) | Finance costs | 307.00 | 997.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,354.00 | 5,133.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 11,201.00 | 32,684.00 |
| Total other expenses | 11,201.00 | 32,684.00 | |
| Total expenses | 72,574.00 | 2,01,845.00 | |
| 3 | Total profit before exceptional items and tax | 4,903.00 | 14,286.00 |
| 4 | Exceptional items | (960.00) | (960.00) |
| 5 | Total profit before tax | 3,943.00 | 13,326.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 842.00 | 3,399.00 |
| 8 | Deferred tax | 128.00 | 21.00 |
| 9 | Total tax expenses | 970.00 | 3,420.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 2,973.00 | 9,906.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 2,973.00 | 9,906.00 |
| 17 | Other comprehensive income net of taxes | (17.00) | 92.00 |
| 18 | Total Comprehensive Income for the period | 2,956.00 | 9,998.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,510.00 | 1,510.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 3.94 | 13.12 | |
| Diluted earnings (loss) per share from continuing operations | 4.89 | 14.07 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 3.94 | 13.12 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 4.89 | 14.07 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes: A. During the year ended December 31, 2023, the Company had stopped production at Hyderabad plant with no material impact to the business. The Company has recognised profit on sale of property, plant and equipment of Rs. Nil in the current quarter and 9 months ended Sep 30, 2026 (Rs. Nil and Rs. 9.1 million respectively in the quarter and 9 months ended Sep 30, 2025), and Rs. 9.1 million in the previous year ended December 31, 2025, where accelerated depreciation was charged in 2023 in respect of property plant and equipment that were not usable at other locations. During the year ended December 31, 2023, the Company had relocated manufacturing capacities at its three Label sites to other existing Label manufacturing sites. The Company has recognised profit on sale of property, plant and equipment of Rs. Nil in the current quarter and 9 months ended Sep 30, 2026 (Rs. Nil million and Rs. 0.4 million respectively in the quarter and 9 months ended Sep 30, 2025), and Rs. 0.4 million in the previous year ended December 31, 2025, where accelerated depreciation was charged in 2023 in respect of property plant and equipment that were not usable at other locations. B. With the objective of enhancing operational efficiency through economies of scale, optimized production processes, improved capacity utilization and cost rationalization, and strengthen the long term competitiveness of the business, the Company is consolidating its pressuresensitive (PS) Labels operations at its two manufacturing facilities and will be closing one manufacturing facility. Pursuant thereto, the Company has charged accelerated depreciation of Rs. 35.7 million in respect of property plant and equipment that are not useable at/ transferable to other locations. Further pursuant to this restructuring initiative, the Company has recognized an accrual of Rs. 60.3 million towards employee settlement costs relating to the affected manufacturing facility. The aforementioned expenses aggregating to 96 million have been reported as an Exceptional Item in the financial results for the current quarter and 9 months ended 30 September 2026. C. During the previous year ended December 31, 2025, the Company had re-classified certain assets consisting of leasehold land and building having net book value of Rs 16.2 million and Rs 17.5 million respectively from Property, plant and equipment to Assets held for sale as per the requirements of Ind AS 105 - Non-current Assets Held for Sale and Discontinued Operations. The Company expects to dispose of these assets over the course of next 12 months. D. The Company has subscribed to 28% of the equity share capital equivalent to Rs. 27.6 million in a Special Purpose Vehicle (SPV) (AMPIN Energy C&I Twenty-Five Private Limited) on February 10, 2026. This investment is to comply with the requirements of the Electricity Act 2003 read with the Electricity Rules, 2005 for generating and utilising electricity through captive solar power projects. E. The depreciation charge for Q1 and 9 months ended 2026 includes an additional amount of Rs. 88 million relating to FY 2024 and FY 2025. During those two years, depreciation for certain assets was erroneously calculated on Written Down Value (WDV) basis instead of the company's stated policy of Straight Line Method (SLM). As a result, depreciation expense for those periods was understated. This issue was identified in Q1 2026, following which Management conducted both quantitative and qualitative assessment of the adjustment. Based on the evaluation, it has been concluded that the amounts were not material to the results of the respective years. Accordingly, the entire additional depreciation charge of Rs. 88 million had been recognized in Q1 2026. Consequent to this adjustment, the Deferred Tax charge for Q1 and 9 months ended 2026 is lower by Rs. 22 million. With these corrections, the matter stands fully rectified in the financial results of Q1 2026. F. The Company does not have any subsidiary, associate, or joint venture entities. G. The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on Oct 27, 2026. H. The statutory auditors have issued an unmodified review report on the above financial results. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-07-2026 | 01-01-2026 | |||||
| Date of end of reporting period | 30-09-2026 | 30-09-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-01-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement of defined benefit (asset)/liability | 0.00 | 28.00 |
| Total Amount of items that will not be reclassified to profit and loss | 0.00 | 28.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 7.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Fair value of cash flow hedges through other comprehensive (loss)/income (Net) | (22.00) | 95.00 |
| Total Amount of items that will be reclassified to profit and loss | (22.00) | 95.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (5.00) | 24.00 |
| 5 | Total Other comprehensive income | (17.00) | 92.00 |